4 Value Dimesnsions of Hofstedt
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1) List and explain each of the Four Value Dimensions of Hofstedt; give examples of how an international company would strategize their product in relation to each of these dimensions.
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Solution Summary
The solution describes the Four Value Dimensions of Hofestedt and gives examples of how an international firm would strategize their product in relation to each dimension.
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The Four Value Dimensions of Hofstedt are: 1) Small versus Large Power Distance, 2) Individualism versus Collectivism, 3) Masculinity versus Femininity, and 4) Uncertainty Avoidance.
Examples:
1) Small versus Large Power Distance
The idea of small versus large power distance relates to how individuals see the distance between themselves and those in power. For example, in small power distance countries, people tend to think of themselves are more equal to those in power and want a voice in making decision. In contrast, countries with large power distance, the average person's relationship to the government is more parent-child' like.
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